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20110701
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Search Results 0 to 18 of about 19 (some duplicates have been removed)
the world and back here at home, hi, everybody, we're so glad you're with us, i'm jenna lee. jon: and i'm jon scott. "happening now," capitol hill gridlock just days before a default deadline. right now there is no bipartisan teal on the table and no vote today on house speaker john boehner's plan to raise the debt ceiling. august 2nd is just six short days away, and that leaves the very real prospect of default or a credit downgrade. can washington make a deal? wendall goler, our senior thousands foreign affairs correspondent be live on the north lawn for us now. >> reporter: more tough news today from the congressional budget office which says both of the leading plans from republicans and democrats to cut the deficit and raise the debt ceiling fall short of what their authors claim. senate majority leader harry reid's plan would actually cut half a trillion less from the deficit than he says it would, house speaker john boehner's plan falls about $350 billion short. boehner has canceled plans for a vote on his proposal today and gone back to the drawing board, and since he has promis
talk couldn't get the votes. they pulled it shortly before midnight. jon karl is watching it all from capitol hill. the speaker says he'll try again today. >> reporter: he will, but, george, this debt ceiling crisis has become a political crisis for republicans. boehner will convene all 240 house republicans this morning to make one final push for it. but the reason he pulled the bill last night is he just couldn't get enough republicans to pass his own bill. republican leaders worked late into the night trying to get the votes to pass their own debt ceiling bill. reporters swarmed around utah republican jason chafitz. he told us he's still not sure. >> i'm surprised they are not twisting and ripping arms off. >> reporter: the speaker said he can't do his job if you respect there to support him. >> i am fully supportive of the speaker. i just can't support his bill but i do support the speaker. >> reporter: but for speaker of the house john boehner, the political stakes could not be higher. >> his leadership of the republicans in the house and being speaker is clearly at stake here if
, it's a bit of a jungle out there. here is jon stewart with your morning punch line. >> they need strength. they will need agility, they will need luck, but mostly to survive, they will need money. >> gingrich, $2 million, rick santorum not so much, half a million dollars. >> $500,000 in the work chest. bye-bye. >> what about that old silver back, newt gingrich? by the way, he stopped shaving his back when he left congress. >> i wonder how "the daily show" will depict pawlenty's demise? if a pawlenty campaign falls in the woods, does it make a sound? >> herman cain raised $2 million. that's a lot of pepperoni for the godfather of pepperoni pizza. there's one candidate who seems to be gaining strength. michele bachmann. >> michele bachmann's migraines and whether this should be considered a campaign issue. >> got to say, of all my issues with bachmann's brain. >> $18 million raised. mitt romney is the king of the jungle, the thick maned, super predator of the race, the republican's aslund. >>> time for your political ticker with tim farley live from washington. 11 days and counting
's bring in jake tapper and jon karl from capitol hill. jon, they tried to work on a smaller reduction deal but that didn't go much better. >> reporter: the divide is as deep as ever. they outlined 1.7trillion cuts, not enough but democrats called it completely unacceptable because it included cuts to medicare and no tax revenue increases. steny hoyer said he couldn't get a senior democratic vote for a plan. >> that means that it couldn't pass. courthouse have any idnew ideas >> reporter: they're pushing for the big deal, a lot of pain at one, entitle tks. president obama outlined the plan and said, you can't expect seniors to give up $500 when you went own ask for $5 from people like me. wealthy individuals. >> jon, the leader mitchell mcconnell is looking at a contingency plan which could be a short-term extension. >> reporter: he's tight-lipped about what they mean. they could give him a chance to accept that which he ruled out or one with no tax increases. >> the president very clear on that. >> reporter: he said he's not signing any short-term plans. the debt ceiling needs to be raised
, quickly. politico is reporting this, the campaign manager for jon huntsman is leaving her post, quitting. politico reporting the former utah governor is retooling his campaign. staff changes have to do with entering a more aggressive phase. they could do that. >> more aggressive. >> it's easy. it's not the best. the idea of running for president and the reality of doing it heads that way. the campaigns shuffle. >> i think if you sell that, governor, you could sell that as could i. i think jon huntsman may want to speak above a whisper. that may help. >> there's overcorrecting. >> well, with perry out there looming large you better claim your ground now. >> is perry getting in? >> he will. >> first moves. >> come on. >> he bounces around. >> yes. >> he's still a bad imitation of will ferrell imitating george w. bush. >> it's true. i sit there watching this guy go on. i'm like is this an "snl" -- i keep waiting for "snl" to go across the bottom. seriously. >> you guys are terrible. >> no. no. >> come on. >> i know we hear he's doing great and more jobs and taxes than on the planet in $8 bi
with anticipation. i'm jon haber of alto music. my business is all about getting music into people's hands. and the plum card from american express open helps me do that. you name it, i can buy it. and the savings that we get from the early pay discount has given us money to reinvest back into our business and help quadruple our floor space. how can the plum card's trade terms get your business booming? booming is putting more music in more people's hands. >>> president obama talked about being the adult in the room. where's his plan to cut spending and raise the debt limit? listen, we're in the first quarter here. we're fighting for jobs. we're fighting for the country's future. and we're fighting for the american people. >> all right. so we're seeing now you heard the house speaker there boehner say, look, we're in the fourth quarter. this it takes time to move this thing through congress to meet the debt ceiling deadline of august 2nd. we have 11 days before that happens. off got big demands from mayors, from business experts warning lawmakers that defaulting on our debt could have a bi
on the outcome. abc's jon karl joins us with the latest. what about it? how close are we finally to a deal? >> reporter: getting close to a deal. the outlines of this deal include up to $3 trillion in spending cuts over the next ten years including some cuts to popular entitlement programs like medicare and social security, also, elizabeth, it would include a promise or a commitment that congress would bring more money in through tax revenues by reforming the code, closing some of those loopholes, something that congress would act on. >> that last one, isn't that basically a tax increase in disguise? >> well, certainly some will call it that. the rates won't go up. congress would have to act over the next year. if they didn't ago, automatic steps would be taken that both sides wouldn't like which would be tax hikes and spending cuts possibly talking about repealing part of the health care bill. >> even if president obama and speaker boehner reach a deal they have their own rank and file to make happy. i was struck by a comment by barbara mikulski. we heard reports of a trillion dollar cut
. abc's jon karl joins us from washington. all talks secret up until now. what more do we know about what president obama and the speaker of the house have been discussing. >> reporter: a big deal here, george. as you mentioned, this would mean that the president would go along with reductions in spending to social security and medicare, most likely cost of living increases going down and in exchange republicans would accept some increase in tax revenues as part of an overhaul of the tax code. as one top administration told me, we need to do something unthinkable on entitlements. they need to do something unthinkable on tacks. >> unthinkable may be the word. these talks have been going on between the president and speaker boehner but there hasn't been a lot of discussion among a wider conferences in the house and the senate democrats and republicans and i guess the big question coming out of today's meeting, when other leaders find out about it, is it something they can work with and is it something that will fly? >> reporter: a great question. boehner and the president may be able t
the latest for us overnight. good morning, jon. >> reporter: good morning, robin. we are reaching crisis time here on capitol hill. the republicans delayed a vote on their bill in the house because they don't even have enough republican votes to pass their own bill. democrats don't have the votes to pass their bill either. the only thing certain up here right now is that everything is in doubt. >> we appreciate you calling. >> reporter: the calls are pouring in. plenty of outrage but like congress itself, the callers seem hopelessly divided. >> i would really like for him to hold the line against any deal in congress. >> i am calling to ask that you cooperate with the president's efforts. >> reporter: the whole place seems to have broken down. republicans can't even convince some of their own members to vote for the republican plan. in a closed door meeting republican leader eric cantor told fellow conservatives to "stop whining and support the bill." acknowledging "the debt limit vote sucks." across the country, that's the view of washington itself. >> no one is certainly listening to the pe
? >> jon, they had been hoping on capitol hill to come up with some sort of deal before the markets opened today. the only thing that everyone seems to be accepting that any deal won't include any new tax increase. >> that's the big deal. you have harry reid coming up with a plan for democrats. that he says includes $2.7 trillion in spending cuts over the next ten years and gives the president the debt ceiling increase that takes him all of the way to 2013. republicans are already saying that those -- his plan includes gimmicks and phantom cuts. so the republicans are coming up with their plan, which would include about $1 trillion in cuts now. it would require the president to come back to congress next year to ask for another debt ceiling increase. >> that's the huge sticking point for the white house. the president has made it clear time and time again that he won't sign a short-term increase. he squashed it at the meeting last night. >> republicans leaders have said that as well. they didn't want any short-term solution to this problem. they changed their tune on this. white house said
this weekend. former utah governor jon huntsman barn stormed in new hampshire, which hosts the nation's first primary. minnesota representative michele bachmann was out in full force in iowa, six weeks ahead of the state's straw poll. she is running neck and neck with presumed front runner mitt romney, according to a recent state poll, and this weekend she tried to build on that momentum. lesser known candidate businessman herman cain, also tried to shore up support in the hawk why state, stumping at a godfather pizza, the company he used to run. the seoul african-american gop candidate recently released this video touting his tea party credentials. >> i was in a tea party before it was cool. >> reporter: in ohio over the weekend, cain said he's gaining traction. >> if you average out all of the polls that i'm in third place behind mitt romney and michele bachmann, and they have twice the name id, i think i have the ball because as my name iid spreads, i have nowhere to go but up. >> even former president bill clinton is weighing in saying he likes jon huntsman. he believes he's authentic. he
Search Results 0 to 18 of about 19 (some duplicates have been removed)